Malaysia
ABM lauds Bank Negara monetary measures
Malaysia's Association of Banks has praised measures set out by the central bank governor in the 2002 Annual Report. It said the steps would help maintain growth and support business activity.
Bank Negara: Equal emphasis on supply-side
Publishing its annual report for 2002, the central bank of Malaysia said the conduct of monetary policy would focus primarily on ensuring favourable conditions on cost, market liquidity and accessibility, the Edge Daily reports
IFSB appoints Rifaat as first secretary-general
MALAYSIA - The newly established Islamic Financial Services Board (IFSB) has appointed Prof Rifaat Ahmed Abdel Karim as its first secretary-general for a three-year term.
Bank Negara set to host IFSB seminar
MALAYSIA - Malaysia's central bank, Bank Negara Malaysia, is hosting a two-day seminar on Islamic Financial Services Board (IFSB) on 3-4 November in Kuala Lumpur.
Malaysia pushes for 'gold dinar'
MALAYSIA - Malaysia will set up a secretariat to study and promote the use of the gold dinar as currency for international trade if the cabinet agrees, Prime Minister Mahathir Mohamad said yesterday.
Malaysian gov't presses ahead on use of gold dinar
MALAYSIA - The government will set up a secretariat to study and promote the use of the gold dinar as currency for international trade if the cabinet agrees, Prime Minister Dr Mahathir Mohamad said today.
'Fingerprint' card system test in Malaysia
MALAYSIA - MasterCard International is testing an antifraud system meant to detect counterfeit payment cards by reading the properties and orientation of the microscopic particles in a magnetic stripe.
Bank Negara reserves reach 2-year high
MALAYSIA - Bank Negara Malaysia's international reserves reached their highest level in two years to RM127.7 billion when they jumped RM3.6 billion at the end of June.
Malaysia to introduce smart cards next year
MALAYSIA - While commercial banks will reimburse those who had money illegally withdrawn from automated teller machines, Bank Negara has directed banks to replace magnetic strips with chip technology from next year.
Speech by Zeti Akhtar Aziz, B.N. Malaysia, 29 May
SPEECH - Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia, gives a keynote address titled 'The Malaysian banking industry - gearing up for excellence' on AAOIFI's Accounting Standards at the 2nd Seminar For Central Banks and Monetary Agencies.
Malaysia's cb governor says growth will continue
MALAYSIA - After two consecutive quarters of negative growth, the Malaysian economy turned around to record a healthy 1.1% growth in the first quarter of this year. Growth was driven by the strong consumption and improved external demand, said Bank…
Islamic financial services board to be based in KL
MALAYSIA - Malaysia will host the Islamic Financial Services Board (IFSB), which is tasked with setting international prudential standards for Islamic financial instruments, and Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been appointed…
Malaysian central bank's reserves at US$32.5 bn
MALAYSIA - Bank Negara Malaysia (BNM) said its international reserves stood at RM123.5 billion (US$32.5 billion) as at April 15 2002, which is sufficient to finance 5.5 months of retained imports.
Malaysian shares up ahead of c bank annual report
MALAYSIA - Malaysian shares closed up Wednesday ahead of the central bank's 2001 annual report release.
Crucial factors for online banking
MALAYSIA - In order to provide Internet or online banking, banks operating in Malaysia are required by Bank Negara (BNM) to employ the services of a well mandated or a trusted security system.
Speech by John Townend of the Bank of England
SPEECH - In the speech Townend acknowledged that "the sterling exchange rate is clearly overvalued, at least against the euro". But he went on to insist that a fall in its value would create inflationary pressures.
Yen's fall risks Malaysia devaluation
MALAYSIA - Malaysia's Prime Minister Mahathir Mohamad has said his country may be forced to devalue the ringgit, if the Japanese yen continues to decline in value.
Bank Negara Act change to ensure smooth operation
MALAYSIA - Amendments to the Bank Negara Malaysia (BNM) Act will ensure smooth operation in handling the BNM's credit bureau and strengthen the country's financial system.
Malaysian BNM international reserve at RM116.5 bln
MALAYSIA - Bank Negara's international reserves stood at RM116.5 billion as at 30 November, an increase of RM24 million from the level two weeks earlier, with trade and investment-related inflows maintaining their rising trend.
Singapore finalising licences for foreign banks
MALAYSIA - Singapore will announce the winners of the Qualifying Full Bank (QFB) and wholesale bank licences in the next few weeks, in a further move to open the domestic financial sector to foreign players, according to a report.
BNM commemorative coins for sale
MALAYSIA - Coin collectors interested in buying previous issues of commemorative coins produced by Bank Negara Malaysia will have the final chance to do so until year-end.
Speech by the Governor of Bank Negara Malaysia
SPEECH - Speech by Y.Bhg. Tan Sri Dato' Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia at the Chartered Institute of Management Accountants (CIMA) Lecture 2001 at Mandarin Oriental, 17 September.
Malaysia c bk campaign to promote Islamic banking
MALAYSIA - Malaysia's central bank said 15 August that it will organise a week-long nationwide campaign to promote Islamic banking and insurance from 26 Oct to 2 Nov.
Malaysia's finance minister resigns
Malaysia - Malaysian Finance Minister Daim Zainuddin ended weeks of speculation about his future on 2 June, quitting his post despite Prime Minister Mahathir Mohamad's apparent efforts to retain him.